The Brink's Co. Ratings Placed On CreditWatch Negative On Agreement To Acquire Maco Transportadora de Caudales S.A.

On July 13, 2017, The Brink's Co. announced that it had entered into an agreement to acquire Buenos Aires-based Maco Transportadora de Caudales S.A. for approximately $209 million. Depending on how the transaction is financed, we believe that it may potentially weaken The Brink's Co.'s credit metrics to levels that are below our expectations for the current rating. Therefore, we are placing all of our ratings on The Brink's Co., including our 'BBB-' corporate credit rating, on CreditWatch with negative implications. We will resolve the CreditWatch placement when we obtain more information about the planned financing for the acquisition and its potential credit impact on the company. NEW YORK (S&P Global Ratings) July 14, 2017--S&P Global Ratings today placed all

...+ On July 13, 2017, The Brink's Co. announced that it had entered into an agreement to acquire Buenos Aires-based Maco Transportadora de Caudales S.A. for approximately $209 million. + Depending on how the transaction is financed, we believe that it may potentially weaken The Brink's Co.'s credit metrics to levels that are below our expectations for the current rating. + Therefore, we are placing all of our ratings on The Brink's Co., including our '###-' corporate credit rating, on CreditWatch with negative implications. + We will resolve the CreditWatch placement when we obtain more information about the planned financing for the acquisition and its potential credit impact on the company. NEW YORK (S&P Global Ratings) July 14, 2017--S&P Global Ratings today placed all of its ratings on The Brink's Co. on CreditWatch with negative implications. The CreditWatch negative placement reflects our belief that the acquisition could potentially weaken The Brink's Co.'s credit ratios depending...

Ratings Action